Tag Archives: LSE

Sportech highlights new client wins under lockdown

Ahead of today’s AGM, Sportech Plc has issued a trading update,  informing investors of further COVID-19 pandemic impacts and countermeasures undertaken by the LSE-listed wagering technology group.  Updating investors, Sportech explained that it has implemented its pandemic cost-saving measures announced during March trading, based on its forecast scenario that global sporting events would be curtailed through to the end of …

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Flutter begins ‘new era’ by completing merger with Stars Group

A new FTSE100 gambling giant was formed this morning, as Flutter Entertainment Plc confirmed the outright completion of its $11 billion merger with The Stars Group Inc (TSG).   Flutter has completed its six-month merger pursuit of TSG ‘on schedule’, securing all regulatory (Australia, UK and US) and shareholder approvals during the first half of 2020 trading.  Updating its timetable, the …

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Refocused Sportech loses shine on Stamford impairment 

Sportech Plc is confident that its expanded product portfolio will help it through the uncertainty of COVID-19, following a year of vital transformations across the company. Publishing its full-year 2019 results, the firm recorded a 2% group revenue increase to £65 million (FY2018: £63.5m) by optimising its cash-generating assets and operations.  Product upgrades saw Sportech confirm ‘service growth’ for its …

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Short Sellers target UK betting’s regulatory exposure

City news sources report that an £80 million bet has been placed against GVC Holdings, believing that the FTSE250 betting group’s share price will significantly devalue within the coming weeks. The short position against GVC has been taken by Chicago-based hedge fund Citadel, a $32 billion fund led by renowned activist investor Ken Griffin. Citadel analysts have confidence in betting …

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Transformation directives see Rank confident of beating year expectations

Issuing a corporate filing, the governance of LSE-listed gambling group Rank Plc has this morning disclosed that ‘further positive trading’ will see the company deliver underlying operating profits ahead of market expectations. Updating investors, Rank governance underlines significant progress in its ‘corporate transformation programme’ which has underpinned growth within its Digital, Grosvenor and International units. Based on current trading trends, …

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Lighter JPJ Group focused on returning Jackpotjoy to growth

Publishing its full-year 2018 results, the governance of London-listed JPJ Group declares that it has delivered record revenues and corporate earnings, ahead of its market consensus. Completing year-two as an LSE enterprise, JPJ records a 10% increase in group revenues to £319 million (FY2017: £289m), despite its flagship Jackpotjoy (UK) brand delivering a flat revenue performance of £216 million Whilst …

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Home Comforts… Jackpotjoy completes a successful Year 1 as a London enterprise

Completing its first full year as a London Stock Exchange enterprise, online gambling group Jackpotjoy Plc, reports solid financial growth having restructured its operations and executive leadership. Supported by the growth of its core brand assets (Jackpotjoy, Mandalay and Vera&John) Jackpotjoy reports a 2017 group revenue increase of 14% to £304 million (FY2016: £266 million). Updating investors, Jackpotjoy reveals that …

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Andrew McIver – Jackpotjoy Plc – Good to be Home…

Andrew McIver Chief Executive of Jackpotjoy Plc, the latest industry incumbent to list on the London Stock Exchange (date January 2016), speaks to SBC on bringing the world’s leading online bingo operator ‘closer to home’.  McIver breaks down Jackpotjoy changes and corporate ambitions following a  crucial and busy six-month period as a London enterprise…   ___________________________ SBC: Hi Andrew, the …

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Jackpotjoy positive of future outlook following LSE progress

The governance of online gambling operator Jackpotjoy Plc has stated that it is ‘encouraged’  by its H1 2017 results, having debuted on the London Stock Exchange last January following its corporate migration from the Toronto TSX. Closing a busy H1 2017 (period ending 30 June), Jackpotjoy the world’s largest online bingo achieved group revenues of £147 million up 13% on …

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Rank Group digital revenue climb offsets stagnant venue performance

London LSE-listed gambling operator Rank Group Plc has this morning issued a short trading statement informing investors of its corporate performance for the 46-week period to 14 May. Issuing its statement, Rank governance informs that group combined revenues remain flat gaining a 1% year-on-year increase. On a channel basis, digital revenues grew by 13%, however group revenue performance has been …

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